Ethereum was in an overall volatile operation last trading day. It fell back to around 1618 in the morning session and rebounded to 1650 before falling back under pressure. In the late session, it fell again and rebounded to around 1630. The current price is volatile around 1645.

In the 4-hour chart, after the market rebounded from the high point near 1785, the market will have a period of shock repair. Supported by the Fibonacci retracement line near 1630, it did not go out of the low point, but the overall downward trend of the market was not broken. After the pin near 1618, the price rebounded. In the short term, the market rebounded slightly. If it can break through the suppression of 1650 above, it will have the opportunity to test the suppression of the high point near 1670. The price will enter a new shock repair range, and both long and short positions will have opportunities in the shock rhythm. It will take some time to correct in the short term, and if the upward momentum is insufficient, continue to maintain the idea of ​​high-altitude as the main and low-long as the auxiliary to participate.

At the four-hour level, it shows a downward trend. The bullish volume is insufficient, the line is difficult to open upward, the moving average turns slightly, and the small-cycle rhythm still tends to be weak and downward. The next idea is still to maintain the idea of ​​rebounding and shorting.

Ethereum operation suggestion: short around 1655-1665, target at 1620.